The family of kidnapped Tanzanian Billionaire, Mohammed Dewji, have offered a reward of one billion shillings ($440,000) for information leading to his rescue.
Tanzanian Business tycoon, 43, was kidnapped en route the gym after his morning workout.
Initial reports by the police revealed the abduction was carried out by foreign nationals, who shot sporadically into the air as they walleyed, Dewji into a car and sped off.
The motive behind the kidnap is still unclear.
Police have yet to be contacted by kidnappers for a ransom demand. Around 20 men have been arrested in connection with the incident, police said.
‘The family would also like to assure any person(s) giving information that all of this will remain strictly confidential and shall stay solely between person(s) and the family,’ according to family spokesman Azim Dewji.
According to Forbes Magazine, Dewji is Africa’s youngest billionaire and has a net worth of $1.5 billion. He runs the METL group, a family business founded by his father in the 1970s, that operates across six African countries.
The business manages holdings in textile, food, and beverage manufacturing across Africa. In 2016, Dewji signed The Giving Pledge in 2016 and promised to donate at least half his fortune to philanthropic causes.
He served two terms in Tanzania’s parliament before he resigned in 2015 to dedicate more time to the family business.